Vivo Bio Tech Ltd announces purchase of land and building for Rs. 35.96 crores

Vivo Bio Tech Ltd has executed a Sale Deed on 26th February, 2022 for purchase of land and building admeasuring 67,760 Sq Yards of Land and Building (G+4 floors), boiler house, rabbit holding room having total built up area of 117197 Sq.ft situated at Sy No.349/A, 350/A, 350/A, 350/C, 351, 351/B Pragnapur village, Gajwel Mandal, Siddipet District, Telangana for a consideration of Rs.35,96,88,000 (Rupees Thirty Five Crores Ninety Six Lacs Eighty Eight Thousand Only) from M/s. MN Life Science Centre (Pragnapur) Private Limited on the terms and conditions mentioned therein.

The Company has availed a term loan of Rs.25,00,00,000/- (Rupees Twenty Five Crores Only) from Canara Bank for the purchase of the above said properties.

Shares of VIVO BIO TECH LTD. was last trading in BSE at Rs. 40.20 as compared to the previous close of Rs. 39.80. The total number of shares traded during the day was 37014 in over 262 trades.

The stock hit an intraday high of Rs. 41.00 and intraday low of 38.50. The net turnover during the day was Rs. 1473449.00.

Source : Equity Bulls

Keywords

VIVOBIOTECH INE380K01017 Land Building Purchase